What Are Annuities I’m convinced that annuities are the most misunderstood financial and insurance product in the financial services universe today. I think there are several reasons for that, which I will get into in a minute. In this article I will try to provide an “Annuities 101” course covering what they are, what they aren’t, … Read more
Myths About Annuities Aggressive marketing and messaging about high fees, charges for surrendering them early, and potentially disappointing returns compared to stocks are just some of the reasons annuities have, at least in some people’s minds, become the black sheep of retirement vehicles. Numerous financial professionals however, argue that there’s a long list of myths … Read more
A Guide to Grantor Retained Annuity Trusts (Grat Trust) A grantor retained annuity trust (GRAT) can be used to transfer assets to your beneficiaries with little or no gift or estate tax cost. A GRAT is a special type of trust which can allow you to transfer to your beneficiaries with little or no gift … Read more
Annuity Fees There are different types of fees that are specific to certain types of annuities. You should consider some general guidelines when contemplating annuity costs. For example: Know your needs. The fees you pay for annuity features can reduce your overall return, so opt only for those features that you will use. “If your situation … Read more
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